According to the WHO, more than 1.36 million road accident deaths occur every year and these road accidents can be reduced by 80% by using V2X technology. The primary goals of V2X technology are to improve traffic efficiency, energy conservation, and road safety by allowing cars to communicate their position, speed, and direction to each other over a mesh network. The automotive V2X market is huge and more and more companies are getting involved and investing in the V2X technology.
Global Automotive V2X Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
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Global Automotive V2X Market Overview:
The Global Automotive V2X market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Global Automotive V2X Market, as well as the reasons for variations in the industry's growth in various locations.
Global Automotive V2X Market Size accounted for USD 1.88 billion in 2021 and is expected to reach USD 25.02 billion by 2029 at a CAGR of 38.2 % during the forecast period.
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Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through the primary sources. The biggest players in.
the Global Automotive V2X market are as follows:
• Continental AG
• Qualcomm Technologies Inc.
• NXP Semiconductors N.V.
• Robert Bosch GmBH
• Intel Corporation
• Infineon Technologies AG
• TomTom International BV.
• Harman International Industries, Inc.
• Nvidia Corporation
• Autotalks ltd.
• Cohda Wireless
• Daimler AG
• Audi AG
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Global Automotive V2X market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Global Automotive V2X Market:
Due to a break in operations, end-user sectors where Global Automotive V2X are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Global Automotive V2X manufacturers, affecting the development of the Global Automotive V2X market in 2020. End-user business demand for Global Automotive V2X has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Global Automotive V2X Market Report are:
- Which segment had the largest share in the Global Automotive V2X market in 2021?
- What is the competitive landscape of the Global Automotive V2X market?
- Which are the key drivers aiding the Global Automotive V2X market growth?
- Which region has the maximum share in the Global Automotive V2X market?
- What will be the CAGR of the Global Automotive V2X market during the forecast period (2022-2027)?
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